It really is quite simple. Currently we have a linear economy where things are made, used and then thrown away. A circular economy is all about designing products so that at the end of their useful life ALL of the components and materials can be re-used or recycled.
In the news:Business waste reduction celebrated at the Circular Awards ceremony in Davos
On January 19, the Swiss town of Davos played host to the Circular Awards; this ceremony is a celebration of successful circular economy and the recognition of global companies and individuals who utilise circular business models.
This celebration is perhaps not so glamorous as the Oscars, but the Circular Awards are important to those who understand the need to reduce global waste. A circular business model is one which outlines the benefits, both financial and environmental, of the re-use and recycling of their manufactured materials.
These circular models are being increasingly implemented by businesses across the globe, including tech giant Canon, who won this year’s most prestigious award at Davos; the People’s Choice Circular Economy Award. Canon was the first company to introduce a closed loop recycling system for its printer toners.
The company’s toner recycling scheme has resulted in the company collecting 344,000 tonnes of toners from 1990 to 2014, saving an estimated 502,000 tonnes of CO2 from entering the atmosphere in the process. Canon re-uses the recycled toners in the manufacturing of more products. More ...Here's a video from the Ellen MacArthur Foundation whose Mission is to "Accelerate the Transition to a Circular Economy".
Further reading:The Role of the Elephant